Warren Buffett

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Feds Suspect Insider Trading Related to Heinz Deal

SEC freezes Swiss account that made a huge profit

(Newser) - Some traders made a bundle over the big HJ Heinz acquisition yesterday, and federal regulars suspect insider trading. The SEC obtained a court order today to freeze a brokerage account in Switzerland and prevent the assets from being moved. The account was used for trades placed Wednesday that netted $1....

Buffett and Co. to Buy Heinz
 Buffett and Co. to Buy Heinz 
Feb 14, 2013 8:57 AM CST

Buffett and Co. to Buy Heinz

In largest deal in food industry history

(Newser) - An investment group including Warren Buffett has agreed to buy HJ Heinz Co., in what the company says will be the largest deal in food industry history. Shareholders will get $72.50 in cash for each common share, a 20% premium on yesterday's closing price, meaning the deal values...

Ted Turner Made Philanthropy Cool Again

 Ted Turner Made 
 Philanthropy 
 Cool Again 
Nicholas Kristof
Dec 27, 2012 1:44 PM CST

Ted Turner Made Philanthropy Cool Again

Kristof: Billionaires have taken up the cause, except for Donald Trump

(Newser) - Fifteen years ago, Ted Turner announced he was giving away $1 billion to UN causes such as fighting poverty, clearing landmines, and helping refugees. While that was one of the largest philanthropic giveaways ever, more important was the example it set for America's richest, helping to revive the tradition...

We Need a Minimum Tax on &Uuml;ber Rich

 We Need a 
 Minimum Tax 
 on Über Rich 
warren buffett
Nov 26, 2012 7:53 AM CST

We Need a Minimum Tax on Über Rich

Warren Buffett: Taxes won't deter wealthy investors

(Newser) - Warren Buffett is taking another stand in the tax debate. In a New York Times op-ed this morning, the Berkshire Hathaway boss calls on Congress to establish a minimum tax on the richest Americans, "right now." His proposal: "30% of taxable income between $1 million and $10...

Net Worth of 400 Richest Americans Jumped 13%
Net Worth of 400 Richest Americans Jumped 13% 
FORBES LIST
Sep 19, 2012 11:55 AM CDT

Net Worth of 400 Richest Americans Jumped 13%

And those 400 now make up 1/8 of the US economy

(Newser) - It was a good year for America's 400 richest people, who saw their net worth jump 13% to $1.7 trillion, according to Forbes' latest " Forbes 400 " list. For a little context, Reuters notes that that means their combined net worth represents roughly one-eighth of the entire...

More Billionaires Agree to Give Away Half Their Wealth

But where's the money going?

(Newser) - Bill Gates and Warren Buffett have convinced 11 more billionaires to give away half of their wealth. The richies, including Netflix CEO Reed Hastings, will bring the total number of families participating in the "Giving Pledge" to 92. The campaign, launched two years ago, aims to convince the wealthy...

Buffett Dumps Municipal Bonds, Spooks Investors

Berkshire cancels credit default swaps on municipal bonds

(Newser) - Warren Buffett isn't betting on the health of cities, states, and towns anymore. Berkshire Hathaway has backed out of a number of credit-default swaps insuring $8.25 billion in municipal bonds, sending shivers of doubt through investors who've been hungrily buying such bonds, the Wall Street Journal reports....

Lunch With Warren Buffett Goes for $3.5M

Charity auction sets record for meal with Berkshire Hathaway chairman

(Newser) - If this is how much lunch costs, one shudders to think of dinner. A private lunch with investor Warren Buffett was sold for $3.5 million yesterday, at a charity auction to help the homeless in San Francisco, reports the AP . While the Glide Foundation has raised $11.5 million...

Buffett's Latest Buy: 63 More Newspapers

In $142M deal

(Newser) - Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc. The $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is selling all its papers except those in Tampa, most importantly the Tampa Tribune....

Buffett Feels 'Terrific' Despite Prostate Cancer

Berkshire shareholders seem to believe him

(Newser) - Warren Buffett insists that he's feeling good after his recent prostate cancer diagnosis. Based on the questions he got at Berkshire Hathaway's annual meeting, shareholders are taking him at his word. Despite the fact that Buffett just disclosed his cancer diagnosis last month, he didn't face the...

Stephen King: Raise My F***ing Taxes Already

The rich aren't going to pay up just to be nice

(Newser) - Stephen King is following Warren Buffett's lead with an op-ed begging to be taxed more—though King drops in a few more F-bombs in his very salty appeal. In "Tax Me, for F***'s Sake," the wealthy author offers his views on his fellow one-percenters: "The...

World&#39;s Most Influential People
 World's Most Influential People 
'time' list
Apr 18, 2012 11:25 AM CDT

World's Most Influential People

Mitt Romney, Tim Cook, Warren Buffett make Time's list

(Newser) - From politicians and authors, to tech titans and entrepreneurs, to entertainers and athletes, Time 's 2012 list of the world's 100 most influential people contains a little bit of everything. A sampling:
  • Mitt Romney: President Obama makes the list, of course, but so do GOP challengers Romney and
...

Warren Buffett Has Prostate Cancer

But it's stage I, and not remotely life-threatening

(Newser) - Warren Buffett today announced he has stage I prostate cancer, but the octogenarian was quick to spread the "good news" that the condition "is not remotely life-threatening or even debilitating in any meaningful way," according to a release spotted by the Wall Street Journal . The Oracle of...

Obama on Buffett Rule: It's Really the Reagan Rule

President gives speech flanked by millionaires and their secretaries

(Newser) - So much for the Romney Rule . President Obama has settled on another way to rebrand the Buffett Rule, which would impose a 30% minimum tax on income above $1 million, Roll Call reports. "I’m not the first president to call for this idea that everybody’s got to...

Obama Looks to Bludgeon Romney With Buffett Rule

Or is that the 'Romney Rule'?

(Newser) - On a recent White House conference call on the Buffett Rule , a reporter offered President Obama's staff an idea: Why not call it the "Romney Rule?" So far they haven't taken that suggestion, but they are giddy at the prospect of campaigning for the rule, which would...

Report: Rich Would Dodge Buffett Rule

Tax hike for richest would raise just $47B over 11 years

(Newser) - The proposed "Buffett Rule" tax on America's highest earners would barely make a dent in the federal deficit, according to a report from congressional analysts. The plan to impose a 30% minimum tax on people making more than $1 million a year would raise just $47 billion over...

Celebs Got Seat at State Dinner
 Celebs Got Seat at State Dinner 
Mar 15, 2012 6:34 AM CDT

Celebs Got Seat at State Dinner

George Clooney, 'Downton Abbey' actors, John Legend in attendance

(Newser) - British Prime Minister David Cameron and wife Samantha were the honorees at last night's state dinner, but the real VIPs were the other 350-something people who managed to score a ticket. Among them: George Clooney (who sat next to Michelle Obama at the head table, but of course), Warren...

Slim Still World&#39;s No.1 Fat Cat
 Slim Still World's No.1 Fat Cat  
BILLIONAIRES LIST
Mar 8, 2012 2:00 AM CST

Slim Still World's No.1 Fat Cat

Forbes counts a record 1,226 billionaires

(Newser) - There are more billionaires than ever in Forbes' annual list , but no surprises at the top. Mexican telecom tycoon Carlos Slim heads up the list for the third year in a row, with an estimated net worth of $69 billion. Bill Gates, Warren Buffett, and French luxury-goods magnate Bernard Arnault...

Berkshire Picks Successor for Warren Buffett

But CEO doesn't plan to step down anytime soon

(Newser) - The big news out of Warren Buffett's annual letter to Berkshire Hathaway shareholders is that he's finally picked a successor, reports the Wall Street Journal . He's just not saying who it is. Buffett, 81, also wrote that he is in "excellent health" and "isn't...

Christie to Buffett: Pay Up and Shut Up

New Jersey governor is 'sick of hearing about' Buffett Rule

(Newser) - Chris Christie has just about had it with that pesky Oracle of Omaha and all his talk about millionaires paying more taxes. The New Jersey governor cut off Piers Morgan's Warren Buffett question at the pass in an interview last night on CNN , telling him, "He should just...

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